Shine Investment Advisory Services Inc. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,177 shares of the financial services provider’s stock, valued at approximately $147,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Jones Lang LaSalle by 2,744.5% in the first quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock valued at $484,647,000 after buying an additional 4,195,662 shares during the period. Vanguard Group Inc. raised its stake in shares of Jones Lang LaSalle by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,710,306 shares of the financial services provider’s stock valued at $413,513,000 after buying an additional 150,310 shares during the period. State Street Corp raised its stake in shares of Jones Lang LaSalle by 3.2% in the first quarter. State Street Corp now owns 1,441,208 shares of the financial services provider’s stock valued at $160,620,000 after buying an additional 44,110 shares during the period. TCW Group Inc. raised its stake in shares of Jones Lang LaSalle by 4.7% in the first quarter. TCW Group Inc. now owns 837,533 shares of the financial services provider’s stock valued at $93,343,000 after buying an additional 37,224 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Jones Lang LaSalle by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 590,810 shares of the financial services provider’s stock valued at $65,844,000 after buying an additional 30,671 shares during the period. Institutional investors own 88.66% of the company’s stock.

Shares of Jones Lang LaSalle Incorporated (NYSE JLL) opened at 124.79 on Wednesday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 18.84 and a beta of 1.81. Jones Lang LaSalle Incorporated has a 1-year low of $86.62 and a 1-year high of $134.76. The company has a 50-day moving average price of $125.14 and a 200-day moving average price of $114.80.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.37. Jones Lang LaSalle had a net margin of 4.14% and a return on equity of 12.04%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the firm posted $1.93 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that Jones Lang LaSalle Incorporated will post $8.05 earnings per share for the current fiscal year.

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JLL has been the topic of several research analyst reports. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, August 2nd. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Tuesday, May 16th. Bank of America Corporation reissued a “buy” rating and set a $140.00 price target on shares of Jones Lang LaSalle in a research note on Monday, May 8th. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Monday, July 10th. Finally, BidaskClub raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $133.43.

In other news, Director Sheila A. Penrose sold 1,000 shares of Jones Lang LaSalle stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $115.44, for a total transaction of $115,440.00. Following the sale, the director now directly owns 48,847 shares in the company, valued at approximately $5,638,897.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 3,000 shares of company stock worth $361,240. 0.72% of the stock is owned by company insiders.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.

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Institutional Ownership by Quarter for Jones Lang LaSalle (NYSE:JLL)

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